Financial Crime Financial Crime

Comment: Banks exposed by FinCEN Files should worry less about regulators, more about lawsuits

By Martin Coyle
  • 25 Sep 2020 09:43
  • 25 Sep 2020 09:43
There have been loud calls this week for tough action against international banks exposed as failing for years to block the transactions of suspected money launderers. Last Sunday’s leak of thousands of filings by lenders to US regulator FinCEN painted a bleak picture of enforcement. 
But regulators will find it hard

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Discover MLex

Stay on top of global regulatory developments

Latest News